Wendy's reported a quarterly net income that came in above Wall Street expectations and said it's selling 425 of its restaurants to franchisees, a move that's expected to help boost its profit margins. Fast-food companies often own only a small percentage of their restaurants.
(AP) — This Monday, May 6, 2013, photo shows a Wendy's single with cheese large combo meal at a Wendy's restaurant in Mt. Lebanon, Pa.
The Wendy's Co. reports quarterly financial results before the market opens on Tuesday, July 23, 2013. (AP Photo/Gene J. Puskar)